KELLS AUTO PAINT & SUPPLIES LIMITED

🌿Early-stageactive
NI696940 · ltd · incorporated 2023-05-05
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to May 2024
Net worth
£67.2k
book net assets
Opportunity
66/100
Strong
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What this business does
Primary activity: Agents specialised in the sale of other particular products
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed wholesale with salvageable qualities — special-situations priority.

Opportunity 66/100 (strong), bankability 60/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (71/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
7 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £67,231

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£67k
Current Assets
£158k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-31
Total assets£69.0k
Current assets£157.9k
Net assets£67.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2025-07-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-07-31
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2024-07-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2023-05-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-05-05
    🏢
    Company incorporated
    As KELLS AUTO PAINT & SUPPLIES LIMITED
  6. 2023-05-05
    KINCAID, Laurence appointed
    director
  7. 2023-05-05
    MAGILL, Hugh appointed
    director
  8. 2023-05-05
    WOODS, Richard appointed
    director
  9. 2023-05-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-18

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Laurence Kincaid
Individual · British · DOB 10/1972 · age 54
2550%
25–50%board control25-50% shares · 25-50% voting · board control05/05/2023
Mr Richard Woods
Individual · British · DOB 02/1978 · age 48
2550%
25–50%board control25-50% shares · 25-50% voting · board control05/05/2023
Mr Hugh Magill
Individual · British · DOB 10/1967 · age 59
2550%
25–50%board control25-50% shares · 25-50% voting · board control05/05/2023

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2023-05-05
Jurisdictionnorthern-ireland
Primary SIC46180 — Agents specialised in the sale of other particular products

Registered office

20e Old Greenan Business Park
Kells
Ballymena
Co. Antrim
BT42 3LP
Northern Ireland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-05-18OVERDUE
Last: 2025-05-04

Officers (3 active · 0 resigned)

KINCAID, Laurence
director · ~54y · appointed 2023-05-05
View their other companies + combined net worth →
Active
MAGILL, Hugh
director · ~59y · appointed 2023-05-05
View their other companies + combined net worth →
Active
WOODS, Richard
director · ~48y · appointed 2023-05-05
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (7 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-22
gazette-filings-brought-up-to-date
gazette · DISS40
2024-07-31
gazette-notice-compulsory
gazette · GAZ1
2024-07-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-29
change-person-director-company-with-change-date
officers · CH01
2023-05-17
incorporation-company
incorporation · NEWINC
2023-05-05